The creation of new residences and amenities makes land more valuable. Developers sell phase two and beyond at a higher valuation. This cycle repeats and as the population grows, so does the demand for more expensive amenities, which further increase the price for investors to buy in.
TCS participated in a wide variety of development projects throughout its history in Toronto. But there is a case to be made that the success of the company and its clients is rooted in master-planned communities. Concord Cityplace, Liberty Village, and the Distillery District are the most famous examples. Clients who participated in these past offerings have been ecstatic about the returns earned on their investments, and keen to participate in TCS’ new master-planned community project.
In 2021, of course the question must be asked: has Covid-19 changed master-planned community development? And of course, it has, but in ways that are surprisingly favorable for investment prospects.
The pandemic is changing and increasing the value of master-planned community development. Families and individuals have gained new appreciation for home property as a space which blends personal life and business. This has always been the mantra and goal of master-planned communities. A home in the centre of the city should be more than a place to spend after-work hours in the living room streaming content. It needs to be replete with amenities and activities; an outside world for residents to engage with, complete with parks, schools, retail outlets, other commercial units, community space, and more.